THE SUMMIT SCHOOL

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

HARRY STASIK

Phone

7242821995

Tax Period

2023-07-01 to 2024-06-30

THE SUMMIT SCHOOL, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $20.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $19.1M left a modest 5% surplus.

Mission

TO EDUCATE AND REHABILITATE ADJUDICATED YOUTH.

Program Service Accomplishments

Program 1

Expenses: $9,225,109 Revenue: $11,765,773

RESIDENTIAL TREATMENT PROGRAM PROVIDING EDUCATIONAL AND REHABILITATIVE SERVICES TO ADJUDICATED YOUTH.

Program 2

Expenses: $7,090,863 Revenue: $6,066,697

INPATIENT DRUG AND ALCOHOL PROGRAM PROVIDING EDUCATIONAL AND REHABILITATIVE SERVICES TO ADJUDICATED YOUTH.

Program 3

Expenses: $579,287 Revenue: $598,172

SAFE HARBOR PROGRAM PROVIDING RESIDENTIAL FACILITY FOR MALES IN NEED OF EMERGENCY CARE SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,605,280

Program Service Revenue $18,430,642

Investment Income $25,494

Other Revenue $110,339

TOTAL REVENUE $20,171,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,889,164

Fundraising Expenses $0

Program Expenses $16,895,259

Other Expenses $8,191,847

TOTAL EXPENSES $19,081,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,171,755	$15,856,411	+0.3%
Expenses	$19,081,011	$15,745,578	+0.2%
Net Income	$1,090,744	$110,833	+8.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

193

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$106,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK ZIEMKIEWICZ	CHAIRMAN OF BOARD	1.00	Officer Director	$0	$0	$0
DICK ROBERTS	VICE CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
STEVE HUTCHINSON	TREASURER	1.00	Officer Director	$0	$0	$0
DR KENNETH SCHOLTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
DR ERIC MICHAEL FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY PALA	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SHERER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES E THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SPEARS	DIRECTOR OF FINANCIAL OPERATIONS	10.00	Officer	$0	$0	$0
HAROLD STASIK	EXECUTIVE DIRECTOR	40.00	Officer	$89,741	$16,443	$106,184
WILLIAM SHARPE	VARSITY BASKETBALL COACH	40.00	Highest	$127,322	$6,233	$133,555

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$20,171,755	$19,081,011	$10,939,537	$1,090,744
2023	$15,856,411	$15,745,578	$9,355,816	$110,833
2022	$14,120,122	$14,064,016	$9,343,470	$56,106
2021	$14,501,172	$12,198,330	$9,642,175	$2,302,842
2020	$17,789,163	$18,601,046	$12,154,037	$-811,883
2019	$20,158,971	$19,927,780	$10,191,426	$231,191
2018	$20,210,789	$20,092,177	$11,127,628	$118,612